Articles by September, 2019

Between July 2018 and June 2019, there was a 6.4% increase in the number of dwellings under construction, compared to the 12 months prior to the period under review. This is what data from the Central Bureau of Statistics (CBS) published. According to the figures, in the said year construction of 51,890 apartments began, compared with 48,750 apartments which began construction in the previous 12 months. The CBS survey shows that construction data also showed a slight increase of 2.1%: in the 12 months beginning in July 2018, construction of 50,380 apartments was completed, compared to...

Association president and business organization president Shraga Brosh resigns his office several days after the State Attorney's Office announces that he will file charges against him and his brother, Yariv Brosh, subject to a hearing. 2005. Brosh convenes the members of the Manufacturers Council, and in his remarks he will refer to the Attorney General's intention to prosecute him at the hearing. In a statement, he is expected to say, among other things, that "my commitment to the industry and association has intensified over the years as the state of the industry becomes more difficult...

The Bank of Israel Supervisor, headed by Supervisor Dr. Hedva Bar, and the Bank of Israel, headed by Prof. Amir Yaron, announced that they have approved a new bank in Israel. The Central Bank and the Banking Supervision Authority decided to grant a bank license to Marius Nacht's digital bank Jack Point, to which Amnon Shaashua minority shareholder, founder and manager of Mobilai and Orkam is a member. Alongside them is expected to be appointed bank chairman Shuki Oren, with the appointed CEO being a senior gal who was previously a senior at Leumi Digital Bank. The last bank to receive...

Daniel Birnbaum, Soda Stream chairman and CEO until recently, is the company's senior suspect in using insider information around the company's exits and its acquisition by PepsiCo. This, along with another suspect, close to him, had previously worked for the company. Birnbaum was investigated by Investigative and Intelligence Department investigators at the Securities and Exchange Commission on suspicion of committing offenses involving the use of insider information, fraud and breach of trust. Birnbaum's name was not banned until 16:00 today, after Birnbaum requested and received a...

The crisis in the communications industry. Government ministries are exploring the possibility of completely eliminating consumer debts imposed on cellular companies to make it easier for them to cope with competition in the market. Today, companies are required, among other things, to operate a customer service center ten hours a day, provide technical service 24 hours a day, and are prohibited from offering customers a preferred service. Government ministry officials say these were relevant requirements at a time when there were three companies Mobile only, but today companies can be...